Blanco Company purchased 200 of the 1,000 outstanding shares of Darby Company's common stock for $600,000 on
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Question:
Blanco Company purchased 200 of the 1,000 outstanding shares of Darby Company's common stock for $600,000 on January 2, 2013. During 2013, Darby Company declared dividends of $100,000 and reported earnings for the year of $400,000.
If Blanco Company used the fair value method of accounting for its investment in Darby Company, its Equity Investment (Darby) account on December 31, 2013 should be
Question 26 options:
$580,000.
$660,000.
$600,000.
$680,000.
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